Output of the national economy grew in May 2022 from the year before, decrease from the month before
Change
According to Statistics Finland, output adjusted for working days grew in May 2022 by 2.5 per cent from the previous year. Seasonally adjusted output went down by 0.2 per cent in May from the month before. According to revised data, working day adjusted output grew in April 2022 by 4.2 per cent (previously 4.0 %) from April last year. Working day adjusted primary production decreased by around one per cent. Secondary production grew by about three per cent and services by around three per cent from May 2021.
Key selections
- Adjusted for working days, output grew by 2.5 per cent in May from one year back.
- Seasonally adjusted output went down by 0.2 per cent in May from the month before.
- Working day adjusted primary production decreased by around one per cent. Secondary production grew by about three per cent and services by around three per cent from May 2021.
Primary production refers to agriculture, hunting, forestry and fishing. Secondary production includes manufacturing and construction. Services comprise trade, hotel and restaurant activities, transport and business activities, as well as real estate, renting and research services, financial intermediation and insurance, and public services.
The latest observations of the series adjusted for seasonal and random variation (seasonally adjusted and trend series) become revised with new observations in seasonal adjustment methods. Revisions especially at turning points of economic trends may be significant, which should be taken into consideration when using seasonally adjusted and trend data.
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